Question \#7. (5 points) Brett, the sole shareholder of a calendar year S corporation, received a distribution of $20,000 on December 31, 2022. On December 31, 2021, his stock basis was \$7,000. The corporation earned $23,000 ordinary income during 2022. The corporation has no other income and has no accumulated eamings and profits from C corporation years. What are the income tax consequences to Brett as a result of the $20,000 distribution on December 31, 2022